Caterpillar Leads Dow Jones Up 116 Points on $1 Trillion Infrastructure Deal
After many months of wrangling, the U.S. Congress finally passed a massive infrastructure spending bill. And while the final tally was much lower than many expected and hoped for, the $1 trillion in additional funds that will be spent on transportation, energy, cybersecurity and broadband, water, and other infrastructure, was well received and sorely needed.
But in general, the investing community responded with little fanfare, sending the Dow Jones Industrial Average (DJINDICES: ^DJI) up 116 points, or about 0.3%, as of 3:07 p.m. EST on Nov. 8. Of Dow components, only shares of Caterpillar (NYSE: CAT) made much noise today, gaining almost 4% on expectations that it will be one of the obvious winners from this new spending.
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Source Fool.com
